Philips India has announced the appointment of V Raja as vice-chairman and managing director for Philips India. The appointment is effective from December 01, 2015. In his new role, Raja will be responsible for driving and building healthcare and consumer lifestyle businesses for Philips in India.
Raja takes over from A Krishna Kumar, who moved to a new role as head of the emerging businesses group for Philips globally. He will be based in the Netherlands.
"We are confident that Philips will greatly benefit from Raja's leadership and rich experience in business to consumer and business to business industries. Based upon the solid foundation that was established under Krishna's leadership, he will play a key role in further strengthening our position in the Indian market as the leading company in health and well-being," says Ronald de Jong, chief market leader of Royal Philips.
Commenting on his appointment, Raja says, "Philips has been innovating consistently to cater to the needs of modern day customers while maintaining the technological lead that lies at its core since its inception. It will be an enriching experience to be part of a team that is changing the way India defines healthy living."
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focussed on improving people's lives through innovation in the areas of healthcare, consumer lifestyle and lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 1,06,000 employees with sales and services in more than 100 countries.
The company claims to be among the leaders in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare.